June 12, 2013
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Bitcoin Is a Bit Strange 

Kari Bitcoin's growing popularity has made headlines lately because it is not affiliated with any central bank or company. According to the website www.WeUseCoins.com, more than 100,000 people are using it around the world to trade hundreds of thousands of dollars worth of bitcoin every day with no middle man and no credit card company. It is likened to credit cards and online banking networks; it is a balance stored in a network. There is even a "bank" for the digital currency: Flexcoin. Read more>> 

ICBA Concerned with Freddie Mac Low-Volume Fees for Small Lenders
Freddie Mac recently announced that financial institutions that do not meet certain volume requirements will be charged a $7,500 annual fee for low activity, which would be unaffordable for many community banks. Read more>>

ABA: Bank Economists See Stronger Economic Growth Ahead    

Although economic growth has been constrained in recent quarters, it will accelerate later this year and into 2014 as external pressures and fiscal drag ease, according to the Economic Advisory Committee of the American Bankers Association. Read more>>
Tier 1-Mo. Bank

Register for Webcasts
Managing New Technologies BSA/AML RISKS: Prepaid Cards, Remote Deposit Capture, Family Cards

BSA/AML Training Webinar Date: June 19  

Click here to register. 

New exciting technologies bring new BSA/AML risk and exposure. This webinar will look at how to add these products to your customer relationships while managing and mitigating the new risk. As BSA officer, you will need to change your risk assessment, change your policy and increase internal controls to make sure these products and services are not used for increased financial controls.  

Regulators Announce Banker Teleconference on Leveraged Lending Guidance
Officers and employees of FDIC-insured institutions interested or engaged in leveraged lending activities, including participated leveraged loans, are invited to participate. Read more>>
Citizens Bank of Pennsylvania Discusses Community Outreach, Financial Literacy in Philadelphia
Al Dia Roundtable meets with Daniel Fitzpatrick, president of Citizens Bank of Pennsylvania, and discusses community outreach and financial literacy in Philadelphia. Read more>>
RDC Summit  

CSBS Warns Against Costly and Burdensome Accounting Standards   

CSBS has submitted a comment letter to the Financial Accounting Standards Board in response to a proposed accounting standards update titled Financial Instruments - Credit Losses. Read more>>

MST National Conference Tackles Reserve Issues and Trends  

Attendees heard presentations from and voiced their concerns to ALLL experts in the banking, accounting and investment disciplines. The program included updates and insights from economists, including FDIC Regional Economist Michael R. Paslawskyj, and regulatory insiders, like long-time FDIC Territory Supervisor Bart Smith. Read more>>
Entries Being Accepted for 2013 ISAs

ISA2013 The Innovative Solutions Awards, sponsored by BankNews, recognize companies that have introduced or significantly enhanced products designed to help community banks become more efficient, expand their capabilities and, ultimately, better serve their customers. The Innovative Solutions Awards are presented in four categories: Equipment/Hardware Solution;
Consulting/Outsourcing/Training Solution;
Management/Operations/Processing Solution; and eBanking (Mobile/Online) Solution. Read more>>

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